The free-market system allows the individual to interact freely for the satisfaction of his conception of the good life within the rule of law. The individual as an agent is the main actor within the market; however, private, or public businesses and the State itself also figure as actors in the free market. In this article, we present the three ways in which the State acts in the free market.
The Role of Government and the free Market Read More »
Why is the right to private property important? What is the relationship between private property and economic liberty and free market economy? Why is private property related to economic efficiency and innovation? How do you protect the private property in Puerto Rico and the United States? What are the limits of private property?
The Right to Private Property Read More »
The most promising path to reviving competition in Florida’s health-insurance markets is to end the ban on health plans from Puerto Rico and other territories. Obamacare’s costliest regulations do not apply in the territories.
Ban on health plans from Puerto Rico, strangling health-insurance options in Florida Read More »
The Jones Act has been hurting Puerto Rico for a long time. That’s the inevitable result of shipping protectionism that thwarts competition and requires the use of ships significantly more expensive to build and operate than their internationally‐flagged counterparts.
Sorry Jones Act Supporters, the Law Is Still a Bad Deal for Puerto Rico Read More »
The lawyer said that, from his experience, the JSF has written more letters to the government regarding the new Labor Reform than with other issues. "In other cases where the Board sues, it always sends letters and warnings, but in the case of Law 41 the Board is being very incisive," he said. "I would describe it as a last chance, but I admit that I have not seen a previous letter in which the Board gave the government so many chances", he said.
What are the projections on the Fiscal Oversight Board in the face of Labor Reform? Read More »
Liberalism is the political doctrine that built and dominates our modern world; yet the liberalism of desire that fostered the construction of this world has been transformed into a liberalism of necessity—a liberalism that constructs politics as a dichotomy between oppressors and victims. This kind of politics requires the power of the State to save individuals from victimhood; however, only the individual acting freely can mitigate their suffering.
Necessity Has Triumphed over Desire Read More »
The word freedom is used constantly, but little understood; to understand it, it is important to see the State as a civil association of individuals, where different ways of living and purposes coexist. This coexistence depends on a rule of law, which allows individuals to pursue their conception of the good life consistent with the rules of the association. The freedom requires a rule of law, which allows free action and cooperation of individuals in the market and thus benefits the economy.
Freedom and the Rule of Law Read More »
Interview with Jorge L. Rodríguez, CEO of the Institute of Economic Freedom for Puerto Rico (ILE), on the program of economist Gustavo Velez, Pulso económico WKAQ 580, about the launch of ILE.
Jorge Rodríguez on Pulso Económico WKAQ 580 AM Read More »
It is fundamental that citizens be educated in the essential concepts and operation of constitutional government and market economies. This way, people could count on basic knowledge about the functioning of politics and the economy, for better economic decision-making and for when exercising their right to vote. Not having knowledge of these issues limits people to judge ideas, policies, proposals, etc. When people are oblivious to economic and political issues, they are not provided with the essential tools to combat and escape ignorance.
Educational freedom as a motor of human potential Read More »
For years, Puerto Rican politicians have complained that forcing the U.S. island territory to rely on American-flagged ships — even with foreign ships in abundance in its ports — drives up the cost of basic goods there. The cost of living is higher on average compared with the mainland.
What is the Jones Act, and why does Puerto Rico want it gone? Read More »
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